NOVA is either an appreciation play or a sweat equity play.

well i tried the direct mail strategy where i sent out around 200 cards due to my budget and the response rate on that was not good so ive decided maybe this market in the nova area is not hot at all so i decided to look into maryland to see if i will have any luck out that way Andrew Michael

They will not treat it as theirs, and I'd expect to have to spend some rehab and cleanup once they vacate.With STR, I've had the following bookings (not yet completed or paid, only booked)Mar-Apr         $3,405Apr-May         $1079May-Jun          $4260Jun-Jul             $5583This is NOT what I've been paid these months, but these are gross numbers that were easy to compile.My expenses are all of the utilities, cleaning, and MY TIME for managing all this.Utilities average $400/monthcleaning cost about $300/monthsupplies cost about $50/monthinsurance cost about $100/monthI spend several hours a month writing reviews, researching strategy, fixing stuff, etcOther expenses are maybe another 10%I'm still setting up the business formally, and am probably forgetting some things right now.For me, this is a good return on my investment. 

There is a group of BP members that get together in NOVA.

(Mortgage held by Greenpoint, Note to MERS as nominee)Borrower gets a 2nd for $50K from Greenpoint in Feb, 2005 (Mortgage held by Greenpoint, Note to MERS as nominee)Borrower defaults on both around Jan 2008.Greenpoint files a Lis Pendens to Foreclose in Mar 2008MERS assigns to Greenpoint in May, 2008 (Uses proven Robo signer Tina Jones)Condo Assoc gets lien for $45K Dec 2009Greenpoint assigns to BOA in Dec 2011MERS satisfies 2nd mortgage Sept 2012BOA assigns to HSBC as trustee for GSAA Home Eq Trust Asset Backed 2005 in Oct 2013 My strategy is to buy it at the HOA auction understanding I have a clouded title.

NOVA is overpriced, unless you have risk tolerance, capital, and legal know how or darn good attorney on board, to purchase directly through foreclosure auctions.

I emailed support last week about 6 additional reservations that should have been covered and they replied that those reservations should receive the 25% payout, but it's still unclear when that payment will be made.Worth double-checking all of your reservations Mar-May and see if they may have missed some!

I live in NoVa as well.

In 2019, my wife and I bought a 4 plex (in FEB) and a 16 unit (in MAR).

NoVA appreciation has also been solid because of the strong economy.